A Lagos State High Court sitting at Yaba has restrained a real estate firm, Property Development Company Plc from dissipating,
disposing or tampering with a parcel of land measuring 5, 306. 989 square metres situated along Bishop Aboyade Cole Street, Victoria Island, Lagos, pending the hearing and determination of a suit filed against it.
The claimant in an originating summons brought pursuant to section 272 of the 1999 Constitution of the Federal Republic of Nigeria and under Order 5 Rule 5 of the High Court of Lagos State Rules, 2019, asked the court to determine whether the claimant is entitled to specific performance of the valid and subsisting contract between him and the defendant for the purchase of the parcel of land measuring 1,000 square metres representing the portion of the entire land area covered by the piles,...
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